Yahoo’s Japanese online trading brokerage – YJFX- has since made it known to its loyal traders that the company will soon expand its binary options in order to accommodate the provision of Range options. Therefore, it is a rather young service that is trying to leverage the opportunities that exist in the market. It is important to appreciate the fact that the new service will be available for Monday September 28th, 2015 for all the clients who are in some way linked with YJFX! as a company.
The company has been providing binary options trading within Japan since the year 2013 in September. This is therefore seen by many as a two year anniversary for the company as it celebrates the achievements that it has been able to gain until this time. It is good to note that until now, the company has mainly focused on Ladder options. This is the commonest feature for most Japanese brokers but it is now adding range options as a result of the great demand that is already coming from its clients.
Also referred to as Tunnel or Boundary Options, Range Options work differently than the Ladder options. Notably, they work based on two main price levels that are equal distances from the current or existing market price. In this sort of an option, the main aim of the trader will be attained if at all the price is kept within the lower and upper boundaries at the ultimate end of that allocated time or period.
Range Options are a type of binary options that are suited for many markets. Arguably, they are most suitable to those markets which trade within a range and more so where there is not as much action. The idea behind them is to basically deliver a way of trading profitably even in instances where it is very clear that the market is not realistically expected to go either up or down in a considerable manner. This is something that only options can make possible and that being the case, it presents the best platform for Range Options to be traded in a more favorable manner.
It is important again to appreciate that the YJFX! Range Options would be based on a two-hour time frame and more so traded in eight major currency pairs. These currency pairs are EUR/JPY, NZD/JPY, AUD/USD, GBP/USD, USD/JPY, GBP/JPY, EUR/USD and AUD/JPY.
These are the currency combinations that are deemed to be the most suitable when trading Range Options in the days to come at Yahoo YJFX! Of course different brokers will have varied perceptions and preferences. One thing that is for sure is that trading these Range Options is deemed to be very effective in the modern day and thus it is an idea that is inevitably worth implementing.
Japan’s Financial Services Agency (FSA) has given its backing to the adoption of Range Options by YJFX! among a range of other binary options trading companies in the country. Being an authorized binary options trader, there is no doubt that the new Range Options will offer more options for people who love to trade in terms of binary options. Again, YJFX is a relatively small company in the industry. Therefore, by diversifying its product range, it is likely to win the hearts of many people who are interested in trading in binary options. Notably, the currency combinations mentioned above happen to be the main currencies of the world. Therefore, trading using them offers a high degree of investment security considering that they rarely suffer any significant fluctuations in the stock markets all over the world. The Range Options are most definitely going to bring better days for YJFX! and all its other affiliate partners in the future.